WGU C211 Study Guide Questions and answers with complete solutions.

WGU C211 Study Guide Questions and answers with complete solutions. Views of globalization (Chp 1.4) - correct answers.1. It's a new phenomenom, starting in the late 20th century. 2. It's a long term part of human history. 3. Neither recent nor one directional, it's a pendulum that swings back and forth. Strategic goal = Natural resource—seeking - correct answers.Location specific advantage = Possession of natural resources and related transport and communication infrastructure Strategic goal = Market-seeking - correct answers.Location specific advantage = Abundance of strong market demand and customers willing to pay Strategic goal = Efficiency-seeking - correct answers.Location specific advantage = Economies of scale and abundance of low-cost factors Strategic goal = Innovation-seeking - correct answers.Location specific advantage = Abundance of innovative individuals, firms, and universities Name first mover advantages: (Chp 10.3) - correct answers.1. Proprietary, technological leadership 2. Pre-emption of scarce resources 3. Establishment of entry barriers for late entrants 4. Avoidance of clash with dominant firms at home 5. Relationships with key stakeholders such as governments Name late mover advantages: (Chp 10.3) - correct answers.1. Opportunity to free ride on first-mover investments 2. Resolution of technological and market uncertainty 3. First mover's difficulty to adapt to market changes Name strategic goals supported by location specific advantages (Chp 10.2) - correct answers.1. Natural resources 2. Market 3. Efficiency